Asian Stocks to Rise After US Gains, China Support: Markets Wrap
Asian stocks are set to climb in early trading after US equities notched a fresh record amid resilient corporate earnings and China took steps to shore up its property market.
Asian stocks are set to climb in early trading after US equities notched a fresh record amid resilient corporate earnings and China took steps to shore up its property market.
China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout.
Rescue teams are searching into the night to try to locate Iranian President Ebrahim Raisi after his helicopter crashed on his way back from a visit to the country’s northwest.
Firms of all stripes are preparing for the imminent shift to faster US stock settlement — and the issues it may bring.
From silver and gold to natural gas and orange juice, commodities are on a tear — with a gauge of major raw materials showing a steady march upwards. Meanwhile, copper markets are in upheaval following a short squeeze in New York. And Middle East conflicts continue to disrupt the flows of liquefied natural gas while driving up shipping costs.
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